Forex – dollar steady in view of the minutes of the Fed

© Reuters. – The greenback was unchanged Wednesday, as investors await the federal Reserve publishes the minutes of its last meeting on monetary policy.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.06% to 96,292 at 11: 05 (16: 05 GMT).

The Fed will publish the minutes of its meeting of 30 January at 14: 00 (EST) (19: 00 GMT) on Wednesday. Investors will examine the minutes in detail as to how the central bank has abandoned its earlier predictions regarding the likelihood of a new interest rate increase.

The officials from the central bank have indicated that the rate would probably remain stable for the moment. On Tuesday, the president of the Cleveland Fed, Loretta Mester, expressed support at the end of the winding-up of the balance sheet this year, but stating that official interest rates would be more likely to climb than fall.

The trade negotiations between the United States and China also remain at the centre of the discussions, the meetings continuing this week, even as the us president, Donald Trump reiterated that he would consider postponing the deadline of 1 march, when the tariffs on chinese products would go from 10% to 25%.

The dollar was higher against the yen and refuge, the USD / JPY winner of 0.11% to 110,73. Investors typically look for the yen as a safe-haven in times of economic stress or stress on the exchange.

Elsewhere, the pound has increased slightly, with GBP / USD up 0.03% to 1,3064 after the Spanish foreign minister, Josep Borrell, has said that the agreement was in the process of being developed.

The euro is higher, with EUR / USD up 0.08% at 1,1379.

In Australia, the AUD / USD has increased slightly from 0.08% to 0,7168, while the NZD / USD was down 0.19% to 0,6869, in decline compared to the rising prices of dairy products.

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